ETG
Eaton Vance Tax Advantaged Global Dividend Income Closed Fund
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Oh look, more positive news JJ/JPOTF
Have I struck a gold mine? (looking at Eaton Vance ETG/EXG)
5 Top Weekly TSX Performers: Entree and Turquoise Hill Up After Oyu Tolgoi News
161,95 % 😍😍😍 ETG EnviTec to the moon 🚀🚀
An interesting hedge against inflation - gold royalty company $SAND
Mentions
You should buy a triple inverse leverage ETG for SpaceX and put all your monies in it. You'll be richer than Elon
It’s hot trash, someone peddled fake rumors about ETG treasury, that’s why. The bots are pumping it and lots fell for it
I work in medicine. I do not specifically invest in biotech/pharma despite this being my main area of knowledge (though indirectly through broad market ETG) because of how politics impacts things. Biotech in the US is undergoing serious headwinds at the moment due substantially to the US political environment. Layoffs in US biotech/pharma are already up 35% from last year. https://www.sfgate.com/tech/article/layoffs-shutdowns-bay-area-biotech-20781204.php > Trump’s administration cut more than $1.8 billion in National Institutes of Health grants just from Feb. 8 to April 8, sending shock waves through the nation’s universities. The effects of those moves are still being felt and understood, with research labs scrambling to figure out whether and how they’ll be able to continue their studies. But already, the cuts are rippling into the biotech industry itself. The CEO of Pleasanton’s 10x Genomics, Serge Saxonov, said in his company’s May earnings call that up to half of its revenue is supported by U.S. academic and government research funding. He called the NIH the “foundational jewel of biomedical progress” and said of the research cuts: “We are shooting ourselves in the foot, right when we should be pressing on the accelerator.” … When Eikon Therapeutics revealed plans to cut 55 workers from its Millbrae office in May, it cast some blame on a pause in its lab hardware project — the company just wouldn’t have labs to sell its instruments to — forced by Trump administration moves. “Government funding cuts have constrained the budgets of academic institutions, necessitating that we pause development of our advanced instruments intended for external researchers,” the company wrote. “The market for these instruments has clearly evaporated.” The cuts are also bringing chaos. In March, a sudden stop work order from Health and Human Services Secretary Robert F. Kennedy Jr. forced the San Francisco biotech company Vaxart to pause screenings for a massive COVID-19 pill study and cut 10% of its workforce. Thankfully for Vaxart, the department ended up lifting the order, as SFGATEreported, but the company’s CEO didn’t immediately recommit to rolling back the layoff. Doesn’t mean that it’s the wrong thing to invest in. Rather, I would just be cautious as the US market in this area was heavily subsidized by government subsidized academic work, which has suffered significant funding cuts.
Double digit organic growth for ETG in 2025, am a colossal dumbass for not investing while working there.
I perpetually use an LETF (UPRO) to increase the equity allocation of my long term retirement portfolios to ~1.5-1.6x leverage. This gives me space in the portfolio to hold international stocks, long treasury bonds, and managed futures funds. I have a target allocation, and I rebalance quarterly to match my target allocation. Thus, when equities are up big, im selling and building bonds and MF. When stocks are down, im selling bonds and MF to buy stocks. Yes, the leveraged ETG itself experiences beta slippage (not volatility decay). When returns are low or mid while vol is high, volatility decay simply means that you make less than 3x the expected return. Beta slippage also compounds upwards. When returns are mid or high and vol is low, you make *more* than 3x the expected CAGR. Same as with normal stocks.
My favorite is bio waste. ETG (Envitec bio gas)
There are 100s, a lot are around the company in Veldhoven. Neways, Prodrive technologies, VDL-ETG, KMWE, Frencken.
I have an example for 2) : Envitec Biogas (Germany) Though I couldn't tell you how to evaluate whether such a stock will come back, I can tell you I bought ETG at €10 for the sweet 10% dividends and sold at 50. Now rebought at 37, since they upped the dividend to 2€ per share. One of my better picks these past few years.
So I’ve got a recommendation out here if it actually manages to hit a decent price. HEI. I worked there for a year back in 2018 and without describing anything confidential, their business model runs between these lines. They operate two sections, FSG and ETG. FSG stands for Flight Support Group and they mainly focus on the manufacturing of airplane replacement parts. They piggyback off the OEM R&D process through reverse engineering then undercut at point of sale. Margins are decent enough outside of labor, but the main goal seen over the last 15 years is scaling the business through opportunistic acquisitions. That business has key competitive advantages of pricing power, regulatory barriers to entry (these parts need to pass stringent FAA testing), and market share (HEICO through FSG is dominant in the replacement parts sector). Acquisitions often corrode shareholder value, but for the most part, and in my time there, I saw a strong focus on only buying companies that would both continue to expand shareholder value without overpaying on them. Discipline is key here, and the finance teams were relatively light, which gave them access to upper management. Decentralization is another facet of the business which keeps them agile on decision making within industry subsections. The ETG business (Electronic Technologies Group) focuses around the manufacturing of niche components used by other business and governments. Last I checked, they had no exposure to significant customers but were looking to expand their services to governments. They have built many components used on space missions and for defense purposes. Margins here are better and the competitive advantage lies in the trust built on the reliable technology. These components have minuscule failure rates, and the business provides a buffer in case of aerospace cyclicality. The company is run by the Mendelson family, and has been since the 1990s. They are effectively a family run business from a shareholder perspective which I believe gives them an edge in long term planning. Their risks include saturation of the afterparts market, direct competition with OEMs on airplane parts, lack of suitable acquisitions, and macro factors which include drops in defense/aerospace spend. Net Profit margins have inched up over the past five years to nearly 16%, but their return on capital has been relatively stagnant. I’m not too concerned on that front, but more around if they can continue to acquire good private businesses at fair prices. Their free cash flow has increased over 50% over the past five years, primarily driven by acquisition growth. I think the business is well positioned for the next 10 years but believe market pricing is too high for the underlying fundamentals. I missed a buying opportunity last year at under $150 and it’s frustrating. I haven’t done a DCF on them, but $150 seems to be a fair price for me to buy in.
One day walking home I tripped and dropped all of my groceries. Canned soup went everywhere. Some old man helped pick it back up for me. I asked is there anything I can do to repay him. He only said one thing: “Hold onto AdvisorShares Pure US Cannabis ETG ($MSOS) longer than you hold on to that soup”
I wouldn't touch it with a 10 foot pole . I looked at their portfolio and couldn't figure out how they deliver these dividends, so Look at the distributions profile : [https://www.cefconnect.com/fund/ETG](https://www.cefconnect.com/fund/ETG) about 80% of the dividend is ROC ( return of capital ). They pay you back your money and charge management fee for this... It is a gold mine. For them.
Real Serious investors buy crypto - I am putting my bet on ETG, DOGE and WBT
To be fair, my water ETFs are almost the only part of my portfolio that's still green (I started investing right after Covid, but not at the bottom.) The others are MSFT, DSRT.OL, ETG.DE, HRPK, and FREY.
I'd put it on ETG, which pays dividends monthly, with DRIP enabled.
On Friday I started positions in AIO and ETG. Maybe idiosyncratic holdings in both but I wanted tech exposure with a healthy dividend. Will hold for price appreciation, assume they both recover with dividend more or less intact
I can edit it! I've replaced BST with BGSCX which has a monthly correlation of 0.87 with BST. [Here's an updated backtest](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1998&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=1000&annualOperation=0&annualAdjustment=100&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=4&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=true&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=UTG&allocation1_1=100&symbol2=ETG&allocation2_2=20&symbol3=BGSCX&allocation3_2=20&symbol4=EOS&allocation4_2=20&symbol5=RNP&allocation5_2=20&symbol6=CSQ&allocation6_2=20)! I also think that discounts are good for high quality CEFs because you get more bang for your buck...unless you use margin and get called.
I've looked at UTG and I have decided against holding it in favor of a weighted blend of the following CEFs: - EOS - CSQ - BST - RNP - ETG [Here is a backtest of the above.](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1998&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=1000&annualOperation=0&annualAdjustment=100&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=4&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=true&showFactors=false&factorModel=3&portfolioNames=false&symbol1=UTG&allocation1_1=100&symbol2=ETG&allocation2_2=20&symbol3=BST&allocation3_2=20&symbol4=EOS&allocation4_2=20&symbol5=RNP&allocation5_2=20&symbol6=CSQ&allocation6_2=20) I think personally that UTG is the best of the utility funds, but I don't like utility funds very much because it's a regulated industry, high capex, low margins, and interest rate sensitive. If you decide to just hold UTG and chill, you'll probably be fine, but leave a bit more on the table! I think it's a great pickup when it's at a very high historical yield, but not necessarily better than other opportunities (eg in 2020 it was >10% yield).
I had another thought about my ballooning position in Envitec Biogas ETG.DE (Question from yesterday): How likely is it that the recent growth has more to do with energy prices, specifically gas prices, than with the company itself, and how likely are these prices to last? Because so far my bear case included only new stock issues and changing political climate (making carbon emissions cheaper again) but not fuel prices in general, which may very well be temporary. FYI: This is a position I've had for two years and it's been pretty steadily growing. Now it's a big enough part of my portfolio that I'm starting to worry about sudden price decreases (or this current increase being temporary) and considering selling part of my position.
ETG looks like a pretty nice divided. I don’t think I’d sell that without a better place to put the money identified. How that will react at the end of the bull market cycle is anyone’s guess - probably better than MSFT will
If you were up 135% on a stock since you bought it two years ago and it had grown to be your largest single holding, would you sell some of it to rebalance or just to take profits, or would you hold onto it as a winner? The growth has been of the "slow and steady" kind since before covid, and the company should theoretically have a bright future in the current and likely future political climate. But they could always make a huge additional offering under the current price to get more funding and tank the share price temporarily. I ask because I often make the mistake of selling the winners and holding on to the losers, waiting for their time to come. Company is Envitec Biogas (ETG.DE) in case anyone is interested, but I'm not sure the specific company is relevant to the general question.
ETG - Envitec Biogas. Well, not anymore at the current high prices. Used to be 10% dividend but the stock price tripled in two years. Now it's 3% dividend. Still not bad. Also not complaining about the price increase :P
Sweet. I like this company too, the Mongolia gold/copper mine is going to be massive for TRQ, SAND and ETG. Let the tendies rain supreme.
I replied with the below on another post re: copper and TRQ. My thesis is consistent with yours. How I'm playing it however is a leveraged play through Entree Resources (ETG:TO). Current share price = $0.82 CAD. What makes this play interesting is their JV interest in the large copper/gold development in Mongolia. The mining license is majority held by Turquoise Resources / Mongolia govt. Rio Tinto is also involved. To make things more interesting, Entree has large insider ownership between Sandstorm Gold (22%) Turquoise Hill (8%) and Rio Tinto (9%), as of February. A bunch more insider buying has occurred and these numbers are higher (Sandstorm for sure). Big leverage.
My thesis is consistent with yours. How I'm playing it however is a leveraged play through Entree Resources (ETG:TO). Current share price = $0.82 CAD. What makes this play interesting is their JV interest in a large copper/gold development in Mongolia. The mining license is majority held by Turquoise Resources. Rio Tinto is also involved. To make things more interesting, Entree has large insider ownership between Sandstorm Gold (22%) Turquoise Hill (8%) and Rio Tinto (9%), as of February. A bunch more insider buying has occurred and these numbers are higher (Sandstorm for sure).
It’s not, but my brother is a recent graduate from a top pharm d program and I have done research on ETG tests. I’m not proud of what I’m doing but if I’m totally honest I’m just doing what the court is requiring me to do nothing more nothing less as I am a 21year old.
ETG.DE Envitec biogas. Huge dividend and the stock value is also increasing. Plus Green and Euro bonuses.
As by boy u/countryboy39 says: Years of negotiating, fighting, intrigue, political changes in Mongolia have followed as the mine has been developed, but has yet to start the most valuable underground mining, now set to start in the next two years and last for decades. Mongolia and Rio Tinto have made the project look like poison, when really, Rio Tinto is likely to buy out both TRQ and ETG. There is an encyclopedia of disclosure on Sedar, and tons of discussion on Stockhouse and Investor Village going back 16 years. The outside, minority retail consensus is that pending the cash flows that couldn’t be hidden when they come, now helped by rising copper and gold prices, the Mongolians and Rio Tinto were happy to play games making the project look risky, the politics look risky, and basically scare away any interested buyers and drive down valuation ... because they both want as big a piece of the prize as possible. One of the particularly disappointing aspects of the project is since about 2005 there has been limited exploration on a huge surrounding land package that were this somewhere else, it is likely would have been staked by dozens of other exploration companies. Here only TRQ and ETG hold the surrounding land, and it became obvious they didn’t want to hit anything that was too easy for Mongolia to exploit on its own - the major deposit is deep and capital intensive to mine, so Mongolia couldn’t force out foreign investors and technology - they had to have it. Not so if something shallow and valuable was discovered as part of the mineralized trend. It’s an 18 year and running mystery as to what is really there, what it’s real value is, and how much Rio Tinto might be willing to pay to buy all except the 1/3 Mongolia has demanded. Much skullduggery. And as my sons would say, the old man, me, has 💎🖐 for an 🦍 size position in ETG built up over 15 years. I’m far from objective, not giving any advice here, who knows what happens next, except Mongolia and Rio Tinto are banging out a new structuring Agreement right now, after two prior attempts in 2009 and 2015. Things are heating up - Rio just forced TRQ to fire their CEO who according to some disgruntled TRQ minority shareholders was showing too much independence.
I've held Envitec Biogas ($ETG.DE) for a while as a dividend stock, but it's turned out to be a grower too. Currently paying 4%, used to be 10% before the stock started gaining a lot in value.